Blockchain Software Development
We have acquired our expertise in developing a wide range of Blockchain products through our extensive experience working with both public and private blockchain architecture on a variety of networks.
Public Blockchains are open source and permission-less. This means anyone can participate in them. Transactions are handled according to network protocols which can only be changed through the designated consensus mechanism. These networks generally operate without the need of intermediaries.
Some of the most sought-after features that public Blockchains offer to their users are:
Immutability. One of the cornerstones of Blockchain technology. Once data is uploaded to an immutable blockchain, it is virtually impossible to change it, delete it or tamper with it.
Anonymity. While the degree of anonymity may vary from network to network, public Blockchains offerthe possibility of conducting transactions without the need for users to undergo KYC procedures. Thus, they help their users maintain a level of anonymity.
Decentralized & Distributed. It is nearly impossible for an individual or organization to take over a strong public blockchain, since they tend to be decentralized and completely distributed. This means information on these Blockchains resides simultaneously in a multiplicity of computers or nodes and processes must comply with the protocol and the consensus rules.
Transparency. Since data on a public Blockchain is decentralized and distributed, it is also publicly available. Anyone can verify the data stored on a Public Blockchain independently, which allows users to engage in trust-less exchanges.
Availability. Public Blockchains are designed to be easily accessible to anyone wishing to participate. To participate users basically need a computer, tablet or mobile device and an Internet connection.
Titanium Blockchain has worked on various public Blockchain networks such as: Ethereum, Bitcoin, Cardano, Ripple, Neo and Aion.
Certain organizations like companies or government agencies might prefer to have some of the advantages of the public Blockchains, without making them permission-less. Therefore, they require private Blockchain architecture to satisfy their needs. Titanium also has extensive experience with this kind of architecture.
The following are the features of private Blockchains that these organizations generally look for:
Cheaper & faster transactions. Since transactions only have to be verified by a few nodes which can be trusted to have high processing power, they can be cheaper and faster.
Customizable. Private Blockchains can be customized to fit the specific requirements of various organizations. Protocols and consensus mechanisms on these Blockchains can also be changed quickly if the client requires a change. This allows organizations to reverse transactions or modify balances if need be.
Known validators. As all validators are known, transactions can be less risky.
Titanium Blockchain has acquired substantial experience working with private Blockchain networks like Hyperledger and Quorum.